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Such ambiguity and fudging are exactly what the apply of mathematical economics purports to keep away from in its quest to supply laborious, precise answers to the questions of choice-makers and policymakers. At finest, this sharply limits the extent of certainty that may be placed on the conclusions thereby generated and, at worst, sophisticated arithmetic can be utilized to cloak basically misleading outcomes and conclusions. Because of this, economists, and those who depend on them as specialists and authorities, tend to gloss over these points in the interest of confidence and certitude in pushing their most well-liked economic explanations and coverage prescriptions. What sort of Math Is Utilized in Economics?

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